New Delhi, May 26 -- SpaceX has reportedly introduced a series of unconventional corporate governance arrangements that appear to further strengthen the power of founder and CEO Elon Musk ahead of what could become one of the largest initial public offerings in history.

According to a report by The New York Times, the company granted Musk a massive restricted stock package earlier this year while also structuring voting rights, board oversight and shareholder protections in ways that governance experts argue overwhelmingly favor Musk over outside investors.

SpaceX, which has been valued at more than $1.25 trillion, is reportedly preparing for an IPO that could launch as soon as next month.

According to the NYT report, SpaceX awarded Mu...